A Visit to Moomoo in Australia - Office Found

Reason for this visit

Australian stock market is a diversified financial market covering stock trading, bond issuance, fund management, and more. The stock market in Australia has experienced rapid development and attracted a large number of investors and traders. In terms of regulation, Australian stock market is relatively well-regulated and is primarily overseen by the Australian Securities and Investments Commission (ASIC). ASIC is an independent federal government agency responsible for regulating the financial industry, including the stock trading market. Its main responsibilities are to ensure market fairness, transparency, and integrity, protect investor interests, and prevent market manipulation and fraudulent activities. Additionally, Australian stock market has other regulatory bodies and mechanisms, such as self-regulatory organizations of exchanges, working together to maintain market stability and healthy development. Currently, there are numerous stock brokers in Australia, with some large brokers having a significant market share and a substantial customer base. These brokers provide various trading platforms and software to facilitate stock trading for investors. Furthermore, some brokers offer financing services to help investors expand their investment scale. Overall, the regulatory system of Australian stock market is relatively sound, with strong regulatory measures in place to effectively protect investor interests and maintain market fairness, transparency, and integrity. To provide investors with a more comprehensive understanding of the current situation of brokers in Australia, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Australia to visit broker moomoo (Futu Securities) as planned according to its regulatory address that Suite 1701, Level 17, 570 George Street, Sydney NSW 2000, Australia.

The investigators arrived at 570 George Street in Sydney, the capital of NSW, Australia on December 5, 2023. A modern 23-storey commercial building is located in one of the most prosperous areas of Sydney, boasting a fabulous place opposite the local landmarks like Sydney Town Hall and St. Andrew's Cathedral, adjacent to the busiest Town Hall Station.

After accessing the building, the survey personnel spotted a directory in the lobby, which displays that FUTU Securities is situated on the 17th floor.

And then the investigation team reached the 17th floor of the building, and clearly saw the company name and logo of moomoo at the door of suite 1701. Through the glass door, it could be seen that there was a reception area, approximately 20 desks, and 6 independent rooms in the office.

Through an on-side investigation, it is confirmed that moomoo has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker moomoo as scheduled, and found the companys name at its regulatory address. This suggests that the broker truly has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.